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05-14-2024 (Strategic Planning Session - Economic Development)STRATEGIC PLANNING SESSION — ECONOMIC DEVELOPMENT MAY 14, 2024 - 3:45 P.M. MINUTES Members present: Mayor Gary Forcier called the session to order. Members present were Tim Burley, Dave Sebesta and Chad Czmowski. Member absent was Pat May. Others present were Matt Jaunich, City Administrator and other city directors and staff. 1) Introduction to the Topic Matt Jaunich, City Administrator, presented before the group. The items of discussion today are related to the City's Core Value Focus #4 (Economic Development). This core value is defined as: "A diverse local economy provides economic stability, expanding job growth and employment opportunities, an average household income meeting or exceeding the state average, and an increasing local tax base." Mr. Jaunich illustrated the market value growth in Hutchinson since 2014 which has seen a 79% growth. The median household income has seen a 27% growth since 2017. Feedback from the community survey indicated that 68% rated the overall economic health of the City as excellent or good; 75% would recommend Hutchinson as a place to work; 64% would recommend Hutchinson as a place to visit; 74% rated the overall quality of business and service establishments as good to excellent; 52% rated the vibrancy of the downtown/commercial areas as good to excellent; 57% rated the City's employment opportunities as good to excellent; 47% rated the City's shopping opportunities as good to excellent; 56% rated the variety of businesses and services establishments as good to excellent; and 63% rated the City's economic development services as good to excellent. Resources used for economic development include the 2013 Downtown Plan, the 2023 Growth Planning Study and the 2023 EDA Annual Report. Mayor Forcier commented on what other cities residents compare Hutchinson to when they compare the city's services or products. Council Member Burley commented that some rural communities are going backwards yet millions of dollars are put into metro cities from state funds for projects. Mr. Jaunich commented that Hutchinson's location is advantageous for continuous economic development. 2) State of Economic Development/Current Economic Development Strategies in Hutchinson Miles Seppelt, EDA Director, provided an overview of strategies used for economic development. He shared the mission of the Hutchinson EDA which is to facilitate redevelopment, job creation and the success of manufacturing in our community. Mr. Seppelt noted that Hutchinson is known throughout the state for its downtown, Hutchinson Enterprise Center, TigerPath and the Farmer's Market. Mr. Seppelt reviewed the seven current economic development strategies that the EDA uses. These include business retention & expansion, business incubation, business recruitment, downtown redevelopment, talent development, childcare business development and workforce housing development. Mr. Seppelt shared the marketing strategy the EDA uses in promoting Hutchinson for economic development. He also noted the amount of grant writing the EDA does which is to pull in financial resources to get projects done. Since 2006 over $6 million has been received in grant funds. Council Member Czmowski commented that perhaps Hutchinson has reached saturation in manufacturing businesses and other types of businesses should be pursued — maybe like high tech/high end. Mr. Jaunich suggested perhaps Hutchinson needs to tell its story to a broader audience (location, amenities, etc.) for business/job recruitment. Mayor Forcier suggested perhaps honing in on connections individuals might have to Hutchinson to get them to move back home or closer to home. Council Member Burley spoke about a veterans program that is being framed to encourage veterans to relocate to Hutchinson. 3) Current Challenges/Barriers to Economic Development Mr. Jaunich spoke about current challenges/barriers to economic development. These include a shortage of commercial development sites, a shortage of skilled workforce/general workforce, housing and child care. Council Member Czmowski noted there are shortages of smaller -size commercial sites as well. Mr. Seppelt noted that there are downtown spaces that are vacant because the owners are not willing to budge on asking prices. Mr. Jaunich commented that cost of construction and infrastructure costs are barriers to development. Mr. Seppelt noted that there are very few vacant commercial/industrial lots available for development. 4) Future Growth Areas in Hutchinson Future growth areas have been identified as: Hwy 7 East/Hwy 22; Hwy 15 South (south of Target); Hwy 7/Hwy 15 corridor. Infrastructure availability/cost is the biggest challenge for the City for the undeveloped areas. Mayor Forcier commented that he feels if the City invests in infrastructure he feels it needs to be on the south end of the city because that is where most commercial developers desire to be as compared to Hwy 7 East. 5) Vision for Economic Development in the Years to Come Mr. Jaunich noted that key opportunities include extending infrastructure to Hwy 7/22 intersection and Hwy 15 South. Council Member Czmowski expressed that he feels the priority investment should be made on Hwy 15 South and the City should consider extending on Hwy 7/Hwy 22 area only if the City is approached by a developer. Mr. Jaunich spoke about strategic/creative ways to fund infrastructure projects. Dan Jochum, Planning/Zoning Director, spoke about spurring infrastructure for housing which may then take off commercial development. Mr. Jochum also spoke about Hutchinson connecting to Hwy 212 which is expanding to a four-way highway along the entire corridor. 6) Questions/Conversations/Developing Ideas and/or Directions Mayor Forcier commended the EDA Board and the good structural make-up it has. Discussion was had on marketing the community and having a strategy to do so — highlighting amenities, employment opportunities, etc. It was expressed that housing is needed in order for businesses to come. 7) Next Steps/Action Items/Developing a Plan Workforce is number one issue for business developers, however housing is needed for workforce to live in. Child care shortage is a huge issue for the workforce, and perhaps legislators need to be lobbied to alleviate regulations pertaining to new child care laws. Motion by Burley, second by Czmowski, to adjourn at 5:15 p.m. Motion carried unanimously. ATTEST: Gary T. Forcier Mayor Matthew Jaunich City Administrator